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Oakwood, PA Profile: Facts & Data

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Oakwood, Pennsylvania - Basic Facts

The Oakwood Census Designated Place had a population of 2,313 as of July 1, 2020.

The primary coordinate point for Oakwood is located at latitude 41.0106 and longitude -80.3795 in Lawrence County. The formal boundaries for the Oakwood Census Designated Place encompass a land area of 2.63 sq. miles and a water area of 0.05 sq. miles. Lawrence County is in the Eastern time zone (GMT -5). The elevation is 1,030 feet.

The Oakwood Census Designated Place (GNIS ID: 2389607) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Oakwood Census Designated Place is located within Township of Union, a minor civil division (MCD) of Lawrence County.


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Oakwood, PA Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 2,313 (100%)
Population in Households 2,311 (99.9%)
Population in Families 1,858 (80.3%)
Population in Group Quarters1 2 ( 0.1%)
Population Density 881
Diversity Index2 24
 
 

INCOME

Median Household Income $49,702
Average Household Income $59,593
% of Income for Mortgage4 7%
Per Capita Income $24,712
Wealth Index5 57
 

HOUSING

Total HU (Housing Units) 1,062 (100%)
Owner Occupied HU 790 (74.4%)
Renter Occupied HU 183 (17.2%)
Vacant Housing Units 90 ( 8.5%)
Median Home Value $80,791
Average Home Value $97,788
Housing Affordability Index3 326
 

HOUSEHOLDS

Total Households 972
Average Household Size 2.38
Family Households 655
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 0.18% -0.14%
Households 0.19% -0.08%
Families 0.03% -0.18%
Median Household Income   1.53%
Per Capita Income   2.1%
Owner Occupied HU   -0.13%

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Oakwood, PA - Peer Comparisons by Rank and Percentile

The table below compares Oakwood to the other 1,761 incorporated cities, towns and CDPs in Pennsylvania by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 570 68th
Population Density # 1131 36th
Median Household Income # 1237 30th
Housing Affordability Index # 1660 94th
Per Capita Income # 1367 22nd
Diversity Index # 532 70th

Additional comparisons and rankings can be made with a VERY EASY TO USE Pennsylvania Census Data Comparison Tool.

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